Worth Watching Stocks News Alert: Pier 1 Imports Inc (NYSE:PIR), Apollo Investment Corp. (NASDAQ:AINV)

On Friday, Shares of Pier 1 Imports Inc (NYSE:PIR), added 3.16 % and closed at $5.23 in the last trading session. The last trading range of the stock ranges between $4.91 and $5.26. Pier 1 Imports, Inc. engages in the retail sale of decorative accessories, furniture, candles, housewares, gifts, and seasonal products. It offers decorative accents and textiles, such as rugs, wall decorations and mirrors, pillows, bedding, lamps, vases, dried and artificial flowers, baskets, ceramics, dinnerware, candles, fragrance, gifts, and seasonal items. The company also provides furniture and furniture cushions that are used in living, dining, office, kitchen and bedroom areas, sunrooms, and patios. Further, it supplies merchandise and licenses the Pier 1 Imports name. The company sells its products through retail stores and e-Commerce Website. As of February 27, 2016, the company operated 953 stores in the United States and 79 stores in Canada.

Apollo Investment Corp. (NASDAQ:AINV), dropped -0.67% and closed at $5.96 in the last trading session. The last trading range of the stock ranges between $5.94 and $6.02. The company’s Market capitalization is $1.30 Billion with the total Outstanding Shares of 219.78 million. Apollo Investment Corporation (AINV) or the “Company,” or “Apollo Investment,” recently declared financial results for its second fiscal quarter ended September 30, 2016. The Company’s net investment income was $0.18 per share for the quarter ended September 30, 2016, contrast to $0.16 per share for the quarter ended June 30, 2016. The Company’s net asset value (“NAV”) was $6.95 per share as of September 30, 2016 contrast to $6.90 as of June 30, 2016.

On November 7, 2016, the Board of Directors declared a dividend of $0.15 per share, payable on January 5, 2017 to shareholders of record as of December 21, 2016.

Mr. James Zelter, Apollo Investment’s Chief Executive Officer, commented, “We continue to make steady progress toward the successful execution of the strategy that we outlined last quarter. During the period, we reduced our exposure to certain existing verticals counting oil and gas and structured credit and closed two life sciences co-investment transactions. Given the competitive environment, we were disciplined shareholders and reduced our net leverage ratio during the period which provides us with dry powder to deploy in more proprietary asset classes when attractive opportunities become available.” Mr. Zelter continued, “During the quarter, we continued to actively repurchase our stock below NAV which is a component of our strategy to deliver value to our shareholders.”

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